In a nutshell, it affected CAD because Canada is a major exporter of oil and its proven oil reserves are the third largest globally. Therefore, when oil prices are rising Canada's economy benefits, and vice versa when oil prices are falling. USD/CAD ...

About oil trading

Here's another chart to show how a discretionary order flow trader sees things. Not only are we using price to read the underlying order flow, now we are also using reactions to fundamental events to get a good idea of what will happen next with ...

Trading Like A Dealer: Treasury Management With High Risk

To add to the above post. Remember earlier in my posts where I said I will talk more about why the probabilities weaken of a reversal if there's anything more than a triple top? The more times price hits a support or resistance level, the more limit ...

Trading Like A Dealer: Treasury Management With High Risk

Do Support and Resistance Levels Really Get Stronger? When I talk about order flow analysis, I'm not talking about DOM or Level II. I'm talking about a mindset, an understanding of market structure. I'm talking about metagaming to reverse engineer ...

Trading Like A Dealer: Treasury Management With High Risk

Hey damien, Thanks for the kind words! Hope you are doing well and your results going strong. I'm glad you are enjoying what you're reading and if you have any questions, feel free to ask!

Trading Like A Dealer: Treasury Management With High Risk

Unrelated to the above, but I wanted to illustrate how a chart is not just X-price Y-time. There are other "dimensions" in a chart that give clues to what is going on. Things that you don't normally consider like momentum, amount of time price is ...

Trading Like A Dealer: Treasury Management With High Risk

Paul Tudor Jones is a global macro trader who has had amazing success trading and who any trader would strive to be. He believes price comes first and fundamentals second. Why? Think about it. Although fundamentals are extremely important in ...

Trading Like A Dealer: Treasury Management With High Risk

Hello everyone. This week will be a very interesting one. One of the main things on the markets mind is the potential of a September rate hike. There is a lot of indecision right now about whether that will happen or not and the Fed members ...

Trading Like A Dealer: Treasury Management With High Risk

Cool thread! Just skimmed it for now, but it looks good so far. Subscribed and can't wait for more. When I have more time to read through it I'll be able to post more useful thoughts, discussions, questions, etc. Good luck!

Using Balance and Unbalance to your advantage

Now I'm not going to get into the nitty gritty of how I managed the position and kept up with the order flow every day over the week. I will say that each day is different and anything can happen. This is usually why I trade intraday and don't hold ...

Trading Like A Dealer: Treasury Management With High Risk

Exits can also be very discretionary. There is no wrong or right way to set your exits. Since I was trading a bounce off of a daily demand zone, I would use the 4Hr time frame to track price movements. As far as stop losses are concerned, I ...

Trading Like A Dealer: Treasury Management With High Risk

Taking a look at the EUR/USD Daily chart, we could see that price had bounced off of a key area. This was a key area because there was confluence of a support level and 61.8 fibonacci level. This tells us that buying order flow is clustered there ...

Trading Like A Dealer: Treasury Management With High Risk

Hey guys! Sorry for disappearing. I've been too focused on my trading and unfortunately have become very pressed for time. Maybe if I find a good office space to rent I can keep up with this thread. Until then, life is just to busy to be here ...

Trading Like A Dealer: Treasury Management With High Risk

Hah, shows you still got the fire to trade successfully. As important as strong mental aptitude and a calm mind is, without that fire a general won't last long in the battlefield.

Technical Analysis Fallacy

Uh, dude what FTI has stated in this thread is that the way technical analysis is portrayed to the retail traders does not work. It is not a fill your chart up with all the indicators and get rich quick scheme! Understanding of market structure and ...

Technical Analysis Fallacy

Highly discretionary. So basically you try to read the "story" via recent price action and figure out when the current short-term trend has become exhausted and how the price is acting at key areas. Signals that price is exhausted and ...

fee fi fo fum

Sorry guys. I can't believe such a good thread turned into this. I shouldn't have fed into it and I'm done with that. krpsa, you were right all along; hopefully now we can get back to the more interesting questions that furthers our understanding of ...

Is anyone here an institutional trader?

LMAO. Here I was thinking we could have a civilized discussion about this.. Guess the vouching system is really flawed and instead of a community of intellectuals discussing their trade, this forum has to be professionals who understand how markets ...

Is anyone here an institutional trader?